Ukrainian sunflower oil prices strengthened last week

27.04.2018

Domestic prices for oilseeds (except for rapeseed) moved up last week, reports UkrAgroConsult. The situation did not change significantly. Agricultural producers restrained sales, provoking buyers to raise prices, which was quite effective amid the growing demand from buyers. Sunseed prices grew on average UAH 100-200/MT.

Export prices for sunflower seed and soybeans (FOB with delivery in May) remained unchanged. Sunflower seed prices equaled USD 395/MT (seller), USD 384/MT (buyer).

World markets of competing vegetable oils showed price reduction during the second week in a row (palm oil – by 1.2%, soybean oil – by 0.8%), while the prices for Ukrainian sunflower oil (FOB with delivery in May) strengthened by USD 2/MT. Currently, oil stocks in ports are lower than last year, which creates some tension in the market. But these volumes are still enough to provide export shipments, which are almost 14% ahead of last year.

In the domestic market of sunflower oil, the prices strengthened on average by UAH 200/MT under the influence of stronger demand and limited supply.

More information on oilseed crops and vegetable oils market developments in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

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